Citic Envirotech   

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Environmental sector back in play?

Share price of Sound Global up 2.5ct (+3.4%) this morning, while United Envirotech is up 1.5cts (+3.6%). Leader Environmental Technology?s share price is the star this morning, jumping 5.8%, suggesting keen interest in this niche environmental sector. We are not surprised as the outlook remains bright for the industry with the 12th five year economic plan (2011-2015). The Chinese government will allocate more spending towards environmental protection and pollution controls which will translate into many more contracts for the environmental companies. Generally, this will place water related companies like Sound Global (SGL SP S$0.77 OUTPEFORM TP S$0.98), United Envirotech (UENV SP S$0.43 BUY TP S$0.56) and Hyflux (HYF SP S$2.18 OUTPEFORM TP S$2.76) listed on SGX in the sweet spot. In addition, several additional measures will be introduced by the Chinese government in FY10 to further tighten the environmental regulations. These include prohibiting polluting companies to raise capital through IPO exercise and obtaining additional loans from banks unless these companies can meet the national emission standards. These factors are slowly being manifested in environmental companies? revenue. Leader Environmental Technologies (LET SP S$0.275 Not Rated), which builds its business in dust elimination and desulphurization technologies would be a key beneficiary. We understand that LET?s management has been participating in road shows and meeting investors to share with them the company?s development and growth potential in this space.

 

Where do  you get the number ?

flyersummer      ( Date: 04-Apr-2011 11:15) Posted: there is still a 50% upside on the current price of 0.40 - 0.41. for this current month

 

there is still a 50% upside on the current price of 0.40 - 0.41. for this current month

 

still learning but don't you think the chart of UET looks beautiful, many indicator. except it crosses 14dMA not 25, 50. the ideal is above all MAs though can't remember what it means(if someone can tell me the study of this MA-- if its above 50 it means it's higher than the ave of the past 50 days so it's very safe.)

especially with the sinomen's influence, may be it's catching up.

 

 

Anything wrong with Utd Envirotech? I cant find any leh, or maybe u can tell me k. Thanks. Kiss kiss

Salute      ( Date: 07-Mar-2011 09:53) Posted: again, I believe in Utd envirotech, its account should be alright.

 

again, I believe in Utd envirotech, its account should be alright.